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Dec 31, 2012
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picking up on what you were talking about, congress may be having trouble avoiding the fiscal cliff. but they might be able to skirt the dairy cliff. the u.s. farm bill could keep milk prices from surging next year. it would keep a subsidy from coming back to life when the current farm bill expires today. under a 1949 law, the usda would be forced to buy milk at prices well above what farmers are getting now as the subsidies provide. that could push prices up to twice the national average of $3.12 a gallon. meanwhile, several big banks have reportedly close to a $10 billion settlement with the regulators to end the government's efforts to hold them liable nor bad foreclosure practices. "the new york times" reports nearly 40% of the settlement would dw to people who already lost their homes. in february, five banks agreed to a $25 billion settlement. the times says 14 are involved in this round of talks as well. as part of the deal, which could come this week, the banks will have to hire independent consultants to go through those loan records. >> back over to you and happy new year t
picking up on what you were talking about, congress may be having trouble avoiding the fiscal cliff. but they might be able to skirt the dairy cliff. the u.s. farm bill could keep milk prices from surging next year. it would keep a subsidy from coming back to life when the current farm bill expires today. under a 1949 law, the usda would be forced to buy milk at prices well above what farmers are getting now as the subsidies provide. that could push prices up to twice the national average of...
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Dec 31, 2012
12/12
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KPIX
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we'll tell you. >> and 15 hours until congress steps off the "fiscal cliff." a final push to reach a deal before the midnight deadline. >> jack frost showing up in some of the valleys very chilly start to the day. will we see some rain for new year's eve? we'll talk about that coming up. >> and no major hot spots at all in any bay area roads. here's a live look at 101 in san jose. mass transit offering free rides for the holiday, we'll tell you which once coming up. >>> good morning. it's monday, new year's eve, happy early new year's to you folks. i'm frank mallicoat. >> i'm michelle griego. time now is 6:00. we're on the scene of developing news in san francisco this morning. >> we are. cbs 5 reporter cate caugiran is in the excelsior district where a gas line gave firefighters a little bit of trouble this morning. she joins us with the latest now. good morning, cate. >> reporter: good morning, frank. on top of that, firefighters are calling this house fire suspicious just because of how quickly it spread but again we don't know what caused it. an arson team
we'll tell you. >> and 15 hours until congress steps off the "fiscal cliff." a final push to reach a deal before the midnight deadline. >> jack frost showing up in some of the valleys very chilly start to the day. will we see some rain for new year's eve? we'll talk about that coming up. >> and no major hot spots at all in any bay area roads. here's a live look at 101 in san jose. mass transit offering free rides for the holiday, we'll tell you which once coming up....
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Dec 31, 2012
12/12
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where negotiations stand at this hour as congress tries to avoid going off that fiscal cliff. >>> plus, what fans are saying had morning about the redskins playoff chances after the team's big win over the cowboys. >>> we are waking up to temperatures in the 20s for parts of the d.c. area. we'll look at what you can expect as you prepare to ring in the new year. we've got weather an (vo) sometimes the big plan doesn't work. and the perfect life turns out to be not so perfect. you start fresh. new city. new job. new everything. it's exciting, and scary, at the same time. and some days you think, "i can't do this on my own." but then...i went to suntrust. they helped me figure things out. and before you know it, i am doing it... (anncr) at suntrust, helping people shine is what we do. join the thousands who are switching to suntrust's award-winning service. >>> now from the leading news station, this is news4 today. >>> looking at the stories making headlines right now. negotiations resume this morning on capitol hill as lawmakers try to avoid going over the fiscal cliff. >> secretary of
where negotiations stand at this hour as congress tries to avoid going off that fiscal cliff. >>> plus, what fans are saying had morning about the redskins playoff chances after the team's big win over the cowboys. >>> we are waking up to temperatures in the 20s for parts of the d.c. area. we'll look at what you can expect as you prepare to ring in the new year. we've got weather an (vo) sometimes the big plan doesn't work. and the perfect life turns out to be not so perfect....
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Dec 31, 2012
12/12
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WTTG
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fiscal cliff. the senate will meet again later on this morning to continue their talks following a rare marathon meeting yesterday. on meet the press, president obama called on lawmakers to reach an agreement. if no deal is made, it would be the large of the tax hike since world war ii. >>> secretary of state hillary clinton remains in a new york city hospital this morning after doctors discovered a blood clot stemming from a concussion she had earlier this month. now, a spokesperson for clinton says she is being treated with medication and will most likely stay in the hospital for the next 48 hours. the clot was discovered yesterday during a follow-up appointment. >>> same-sex couples in maryland will be able to marry tomorrow on new year's day. state lawyers said because january 1st is a holiday and because there is a two-day wait period for licenses to take effect, they could not marry until january 4th. the state's attorney general now says all of the licenses will take effect tomorrow. >>> 201
fiscal cliff. the senate will meet again later on this morning to continue their talks following a rare marathon meeting yesterday. on meet the press, president obama called on lawmakers to reach an agreement. if no deal is made, it would be the large of the tax hike since world war ii. >>> secretary of state hillary clinton remains in a new york city hospital this morning after doctors discovered a blood clot stemming from a concussion she had earlier this month. now, a spokesperson...
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Dec 31, 2012
12/12
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KTVU
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economy will go over the fiscal cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight east coast time income tax rates will go up for all americans. coming up at 5:15 the two men leading the last minute negotiations. >>> the chp is trying to figure out what led up to a crash that killed a motorcycle rider in concord last night. it happened just before 6:30 on kicker pass road. the chp says no other cars were involved and it's unclear why the driver lost control. >>> three people are recovering after a crash after a car crashed into a concord funeral home. it happened yesterday afternoon at the we met brothers concord funeral chop ill on clayton road. it appears two teens were racing when they lost control and crashed their car into the building. the teens were taken to the hospital with serious injuries. a 66-year-old man who was inside the building has a broken leg. police interviewed a second driver that may have been racing the teens but have no arrests yet. >>> police officers are out there watching for drive
economy will go over the fiscal cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight east coast time income tax rates will go up for all americans. coming up at 5:15 the two men leading the last minute negotiations. >>> the chp is trying to figure out what led up to a crash that killed a motorcycle rider in concord last night. it happened just before 6:30 on kicker pass road. the chp says no other cars were...
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Dec 31, 2012
12/12
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WUSA
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i know you are sick of hearing it but over the next few days the words fiscal cliff, you are not going to be able to avoid them. whether or not you think congress can pull off some sort of a compromise, one thing you need to be prepared for. for many of you, your paycheck will go down in the new year and here's why. the payroll tax was cut by 2 percentage points over the last two years. experts are saying that tax holiday is coming to an end. the center on policy and budget priorities says it is about $100 billion. goldman sachs says ending the tax holiday would shave percentage points off economic growth next year, not predicted that strong anyway. let's say you make $50,000 a year. that works out to be $20 a week. if you add it up, it comes out to be a thousand dollars less that you are taking home in 2013. >> and that is just the beginning. >> that is not even the tax increases we are looking at. this is just what is taken out of your paycheck. >> we are going to keep looking for it and have the answers for you, coming up >>> rg iii and the redskins are nfc east champs, heading to t
i know you are sick of hearing it but over the next few days the words fiscal cliff, you are not going to be able to avoid them. whether or not you think congress can pull off some sort of a compromise, one thing you need to be prepared for. for many of you, your paycheck will go down in the new year and here's why. the payroll tax was cut by 2 percentage points over the last two years. experts are saying that tax holiday is coming to an end. the center on policy and budget priorities says it...
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Dec 24, 2012
12/12
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KGO
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. >>> pulling the nation back from the fiscal cliff why congress may be selling the new year on capitol hill. >> first america's money report. >>> good morning. topping america's money, last minute shopping, many shoppers haven't finished. consumer reports says 17 million will be shopping today, more than 60% will throw in the towel and get those gift cards. so far, a quiet holiday season at the malls, analysts say shoppers are worried about the budget stalemate in washington delayed by superstorm sandy and depressed by the connecticut school shooting. retailers hope today will make up for that many federal workers have more time to shop, president obama gave them today off, many government offices are closed. financial markets closing early as are most post offices. the hobbit topped box office again for the second straight weekend, it took in 37 million dollars more than double any other movie even though many did their last minute shopping instead that's . >>> just about 5:14 thank you spore spending your christmas eve with us. live look towards san francisco, beautiful lights, bay,
. >>> pulling the nation back from the fiscal cliff why congress may be selling the new year on capitol hill. >> first america's money report. >>> good morning. topping america's money, last minute shopping, many shoppers haven't finished. consumer reports says 17 million will be shopping today, more than 60% will throw in the towel and get those gift cards. so far, a quiet holiday season at the malls, analysts say shoppers are worried about the budget stalemate in...
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Dec 31, 2012
12/12
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is about spending your money as we await the outcome of the fiscal cliff negotiations. on the positive side you won be seeing $8 a gallon for milk because congress gave a one year extension for the farm bill. those who love your 75 watt light bulbs stock up while supplies last. new federal laws prohibit them to be imported or produced in 2013. the tribune company announced it's emerging from bankruptcy with new ownership and new board of directors and forbes has compiled a list of new york's resolutions that successful people make and actually keep. among them plan vacations now. wake up to the essentials first, check e-mail second. support a cause. find your purpose and go for it. go for it. new year's day marks the 150th anniversary of emancipation proclamation. president obama abraham lincoln's order that declared slaves in this country forever free. the document is once again on display. ron mott has details. >> reporter: showing its age the emancipation proclamation still draws attention. a document whose aim was to you night a country divided by war. >> it's amazi
is about spending your money as we await the outcome of the fiscal cliff negotiations. on the positive side you won be seeing $8 a gallon for milk because congress gave a one year extension for the farm bill. those who love your 75 watt light bulbs stock up while supplies last. new federal laws prohibit them to be imported or produced in 2013. the tribune company announced it's emerging from bankruptcy with new ownership and new board of directors and forbes has compiled a list of new york's...
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Dec 28, 2012
12/12
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KGO
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congress is cutting it close to avoid the fiscal cliff yesterday senate majority leader harry reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs snow has increased snow back to nearly 150% of normal. >> partial supply in the barn either in reservoir storm or snow pack. however, it still depends on the remainder of the season 2/3 of the wet season is still let. >> snow pack runoff normally provides cal with a third of its water supply. >>> more -- more water on the way. >> this storm is so close to the coast it probably won't get snow in the sierra. good morning. because the storm is so close to the coast we have a high surf advisory be detail out there, dangerous rip currents as the storm passes today through tomorrow. beautiful picture from mount tamal
congress is cutting it close to avoid the fiscal cliff yesterday senate majority leader harry reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs...
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Dec 31, 2012
12/12
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look at what congress actually did while they weren't working on the fiscal cliff. the senate confirmed two of the president's appointees and the house considered about a dozen bills including how to commemorate the 100th anniversary of the world war i and various aid and trade bills. here to give us an idea of what the congress is thinking is ed o'keefe. give us a run down. what has congress been working on and still need to do before this congress actually ends? >> it's kind of fascinating how these very modest measures that wouldn't get a vote gotten one because there's so much time on the clock still as they wait for the marquee legislative event of the year. there were changes to drywall standards. there was discussion there of the world war i commemoration which is coming up. two nominees confirmed over in the senate. two of obama's nominees. going back a few weeks, even just before christmas, there were some changes in policies at the tsa and screening baggage and judges confirmed and actually are some things that have gotten done but certainly not the big is
look at what congress actually did while they weren't working on the fiscal cliff. the senate confirmed two of the president's appointees and the house considered about a dozen bills including how to commemorate the 100th anniversary of the world war i and various aid and trade bills. here to give us an idea of what the congress is thinking is ed o'keefe. give us a run down. what has congress been working on and still need to do before this congress actually ends? >> it's kind of...
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Dec 31, 2012
12/12
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., is all about spending your money as we await the outcome of those fiscal cliff negotiations. on the positive side, you won't be seeing $8 a gallon for milk because congress acted in time to head off an expiring agricultural bill with a one-year extension instead of the five-year one being sought. on the downside, those of you who love your 75-wood incandescent light bulbs better stock up. new laws forbid them from being imported or produced in 2013. >>> the "tribune" company announced it is emerging from bankruptcy today with new ownership and board of directors. >>> "forbes" has compiled a list of new year's resolutions that successful people make and actually keep. among them, plan vacations now. wake up to the essential first, check e-mail second. support a cause. find your purpose and go for it! >>> straight ahead, an ice rescue like you have never seen before. >>> plus, late last week, former first lady barbara bush called one of her ailing husband george's favorite bands and requested a private concert. the oak ridge boys were on vacation, but since they've been best fr
., is all about spending your money as we await the outcome of those fiscal cliff negotiations. on the positive side, you won't be seeing $8 a gallon for milk because congress acted in time to head off an expiring agricultural bill with a one-year extension instead of the five-year one being sought. on the downside, those of you who love your 75-wood incandescent light bulbs better stock up. new laws forbid them from being imported or produced in 2013. >>> the "tribune"...
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Dec 28, 2012
12/12
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KOFY
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>>reporter: if congress fails to avoid the fiscal cliff the financial consequences are significant. now there's a computer program that will figure specifically what each of us can expect next year. tax policy center fiscal cliff calculator peck your category married single with or without children enter the income and press to, it will pop up but you have to cough up next year. >> 17,000 dollars higher. that's a lot. >>reporter: jason is an engineer from cupertino with wife and 3 kid. he's looking at extra 17,000 in change. renee of carson just calculated what her family will pay. >> my god. that's another additional, i mean, deduction. >>reporter: 4 dollars short of 3000 dollars. >> i know. i know. >>reporter: she says it's like losing a month salary for her or her husband. pretty significant reduction. >> oh, yes. yes. it's a big one. >>reporter: here's other quick calculations. single person making 46,000 can count on increase of 1300. married with no children income of 57,000 it's an extra 2200 you will be paying. married with two kids and income of 146,000, 7300 more. if you a
>>reporter: if congress fails to avoid the fiscal cliff the financial consequences are significant. now there's a computer program that will figure specifically what each of us can expect next year. tax policy center fiscal cliff calculator peck your category married single with or without children enter the income and press to, it will pop up but you have to cough up next year. >> 17,000 dollars higher. that's a lot. >>reporter: jason is an engineer from cupertino with wife...
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Dec 31, 2012
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. >> >> we are now heading over the fiscal cliff. >> the house announced this afternoon it will not hold a vote tonight. >> the white house and the congress were very close at one point. >> the proposed agreement would raise taxes on families earning more than $450,000 a year and would extend other tax credits. >> let's ask the question? how will this news affect small businesses? we continue our coverage in sterling. >> behind me is a small business. they make these inserts for suitcases. they're not thinking about new years, but they're worried about the fiscal cliff. besides a quick slowing job -- gluing job it is a quiet new year's eve. >> we are in manufacturer of custom cases. >> the nine employees have the day off, but the owners are concerned about the fiscal cliff deadline. >> it hurts when everything gets put on that is really what happens. >> they had a pretty good year last year with about $1.8 million in sales. they worry about cutbacks and layoffs. >> we can survive on little to go without paychecks to pay these guys. >> nearby, he is also keeping close watch on the fiscal
. >> >> we are now heading over the fiscal cliff. >> the house announced this afternoon it will not hold a vote tonight. >> the white house and the congress were very close at one point. >> the proposed agreement would raise taxes on families earning more than $450,000 a year and would extend other tax credits. >> let's ask the question? how will this news affect small businesses? we continue our coverage in sterling. >> behind me is a small business....
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Dec 31, 2012
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cliff. >> republicans say they are willing to work with members of congress and the president to come to an agreement but yesterday on nbc's meet the press, president obama said gop leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we are willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today, senate majority leader harry reid could push for a fallback bill which roe woo raise taxes on families making $250,000 a year or more. that plan would also extend unemployment benefits for two million americans. >>> in our other top story, police continue to search for answers in the murder of a college student. xavier strangefellow was a sophomore in virginia. a vigil was held last night at battlefield high school in haymarket. stringfellow was a graduate of the school. he was found stabbed to death. his body was found inside a crashed minivan. police say he had been involved in an altercation. there has been an arrest made in this case
cliff. >> republicans say they are willing to work with members of congress and the president to come to an agreement but yesterday on nbc's meet the press, president obama said gop leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we are willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today, senate majority...
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Jan 1, 2013
01/13
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KPIX
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as of midnight eastern time, we were technically over the "fiscal cliff." now, as you said, congress, the senate, rather, did pass a scaled-back version. but it's setting the substantial now for a showdown in the house. >> reporter: in the early- morning hours of new year's day, the senate began voting on a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter:
as of midnight eastern time, we were technically over the "fiscal cliff." now, as you said, congress, the senate, rather, did pass a scaled-back version. but it's setting the substantial now for a showdown in the house. >> reporter: in the early- morning hours of new year's day, the senate began voting on a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter:
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Dec 24, 2012
12/12
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WRC
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lawmakers are trying to get a deal done before the end of the year to avoid a fiscal cliff. congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them just five days to get a deal done to avoid steep tax hikes and spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential econom disaster. >> my one bit of advice to speaker boehner is this. you can't pass a bill with just republicans. on a broad thing like this, you need both. >> ronald reagan model is if you get 80% of what you want, that's a good day. we have the same objective of lower taxes. i like simpson-bowles. put money on the debt. tax rate hikes are partisan solution driven by the president but he'll get tax rate hikes. >> some lawmakers say that no deal will get done by the end of the year. >>> the second victim of a shooting in northeast washington has died. beasley was found shot in the early hours of saturday morning. harris was found lying in the road nearby and pronounced dead
lawmakers are trying to get a deal done before the end of the year to avoid a fiscal cliff. congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them just five days to get a deal done to avoid steep tax hikes and spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential econom disaster. >> my one bit of advice to speaker boehner is this. you can't pass...
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Dec 25, 2012
12/12
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KICU
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the fiscal cliff. >>> at the vatican, pope benedict the 16th presided over christmas eve mass. he urged people to make room for god in their busy lives. the catholic pope also prayed for peace in israel, palestine and syria. this year midnight mass was moved up two hours to 10:00 p.m. to accommodate the ageing church leader. >>> clear skies kept travelers on track at sfo today after long de lay this is past weekend. as atly reports, this day before christmas is a busy one. >> the security line snaked throughout terminal 2 in san francisco international airport this morning. travelers shuffled through to chasm flights to arrive in time for christmas morning. >> everybody twoonts go home and see family. >> friday, december 21st, was technically the businessest day of holiday travel season for sfo with 130,000 people passing through, but christmas eve isn't too far behind with 120,000 airline passengers expected to. for some holiday traveler, the last-minute journey was a matter of price. >> i picked the 24th because it was, like, $250 less than what was on saturday or sunday and
the fiscal cliff. >>> at the vatican, pope benedict the 16th presided over christmas eve mass. he urged people to make room for god in their busy lives. the catholic pope also prayed for peace in israel, palestine and syria. this year midnight mass was moved up two hours to 10:00 p.m. to accommodate the ageing church leader. >>> clear skies kept travelers on track at sfo today after long de lay this is past weekend. as atly reports, this day before christmas is a busy one....
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Dec 31, 2012
12/12
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while congress cannot seem to agree on a way to avoid the fiscal cliff, it appears to have taken action to keep milk and dairy prices from doubling i >> this is "good morning washington." >> it is new year's eve. the big changes for one local community as far as how it will be getting its news from now. >> we know this affects people in the manassas, manassas park and prince william county areas. the manassas news and messenger newspaper printed its final addition yesterday. the company who owned the paper decided it was quite a shutdown back in november because they said the paper was not making any money. about 70 employees there lost their jobs. a little good news, the times committed the media group who has other local newspapers in northern virginia will launch the prince william times on january 9. the northern virginia media services group will take over the insidenova.com website. thicken still read their news online. >> the sandy hook shooting renews the debate over guns in america. president obama pledged to put his full weight behind legislation aimed at preventing violence.
while congress cannot seem to agree on a way to avoid the fiscal cliff, it appears to have taken action to keep milk and dairy prices from doubling i >> this is "good morning washington." >> it is new year's eve. the big changes for one local community as far as how it will be getting its news from now. >> we know this affects people in the manassas, manassas park and prince william county areas. the manassas news and messenger newspaper printed its final addition...
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Dec 27, 2012
12/12
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KRON
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cliff it will quick end in just five days if congress does not act. there is no sign of compromise between democrats and republicans. president obama has cut his vacation short and is returning to the white house now. without a budget agreement automatic tax increases for everyone and deep spending cuts will be triggered and the new year. the main dispute continues to be over taxes. americans filing unemployment last week as dropped to 350,000. futures are up right now. a letter from treasury secretary tam geithner to congress sent after the bell yesterday may also weigh on the markets. >> the woman accused of killing a grandmother and a drunk driving accident at the twin peaks without has made her first court appearance. 23 year old gina eunice is accused of a hit and run drunken-driving in vehicular manslaughter. the accident occurred three people and killed 56 year old yuee byao who was here visiting her new grandchild from china. the judge set the bail at $2 million. if she posted she must wear a scram device that checks to make sure she is not dr
cliff it will quick end in just five days if congress does not act. there is no sign of compromise between democrats and republicans. president obama has cut his vacation short and is returning to the white house now. without a budget agreement automatic tax increases for everyone and deep spending cuts will be triggered and the new year. the main dispute continues to be over taxes. americans filing unemployment last week as dropped to 350,000. futures are up right now. a letter from treasury...
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Dec 28, 2012
12/12
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KBCW
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can't figure out the fiscal cliff. >> it is avoidable. >> reporter: he's ready to bring some small town solutions to capitol hill. so you really think you can take the city politics to washington and it's going to work? >> it's about personal relationships, trust, working together for the people who elected you. >> reporter: he was a dublin city councilman and said he had to work with republicans in order to pass a city budget. he says it's the same kind of compromise strategy in washington. >> i'm confident there can be a buzzer beater where we can beat the clock and deliver. >> reporter: i asked him to give me one word to describe his feelings entering this fiscal cliff shark tank. >> exciting. >> reporter: you're excited? >> i'm excited. >> reporter: this is doomsday. >> but i'm confident that congress will see the will of the people. >> reporter: he says he's excited about making sure his supporters know he is ready to hit the pavement running. one supporter in particular. >> my own mom at christmas dinner told me do not raise my taxes. she is following just like other americans wha
can't figure out the fiscal cliff. >> it is avoidable. >> reporter: he's ready to bring some small town solutions to capitol hill. so you really think you can take the city politics to washington and it's going to work? >> it's about personal relationships, trust, working together for the people who elected you. >> reporter: he was a dublin city councilman and said he had to work with republicans in order to pass a city budget. he says it's the same kind of compromise...
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Dec 24, 2012
12/12
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lawmakers try to strike a deal to avoid the fiscal cliff. congress and the president on holiday break. some senators are expressing concern that a deal won't be met. if that happens households between 50 and 75,000 will see their taxes increase nearly $2400. households between half a million and a million would see an increase of $39,000. >>> as americans hit the road for holiday travel they'll be paying less at the gas pump. according to aaa, the national average is about $3.25 for a gallon of regular. that's down from a month ago >>> one item has made a big impact this holiday season. shoes are a top seller. the npd says the shoes are the most popular gift this season. experts say the trend makes sense because americans tend to give more practical gifts during economic downturns. send it back to you. >> erica ferrari. >> all right, erica. thanks. >> last check. >> santa is over the great wall of that. >> that's good timing. >> a billion and 100 million gifts already delivered. >> a billion -- i hope that's oneless for me. >> have you been
lawmakers try to strike a deal to avoid the fiscal cliff. congress and the president on holiday break. some senators are expressing concern that a deal won't be met. if that happens households between 50 and 75,000 will see their taxes increase nearly $2400. households between half a million and a million would see an increase of $39,000. >>> as americans hit the road for holiday travel they'll be paying less at the gas pump. according to aaa, the national average is about $3.25 for a...
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Dec 31, 2012
12/12
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tonight to reach a deal to avoid that fiscal cliff. as they missed the dead line income taxes will go up for all americans. >>> and officials in san francisco advising all new years eve party goers use mass transit. 250,000 people are expected to be at san francisco's fire works show on the waterfront. bart by the way is running trains every 20 minutes. they will also be offering service until 3:00 a.m.. muni is offering free rides beginning at 8:00 p.m.. >>> it is 6:46 in san jose. the investigation continues this morning into a fire that killed three people including a young child over the weekend. ktvu janine de la vega is in san jose and tells us the fire also left many people without a home. good morning, janine. >> reporter: good morning. i spoke to the red cross in the last hour. and they told me the electricity is still out here in a couple of the buildings and that is why they are helping house 47 adults and 26 children who were displaced by the fire. it started in that apartment that you see on the second story. it's all boar
tonight to reach a deal to avoid that fiscal cliff. as they missed the dead line income taxes will go up for all americans. >>> and officials in san francisco advising all new years eve party goers use mass transit. 250,000 people are expected to be at san francisco's fire works show on the waterfront. bart by the way is running trains every 20 minutes. they will also be offering service until 3:00 a.m.. muni is offering free rides beginning at 8:00 p.m.. >>> it is 6:46 in san...
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Dec 31, 2012
12/12
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WRC
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it's not a fiscal cliff so much as a fiscal slope. they believe if the markets think congress is working towards a deal, that's enough to avert any real economic calamity, however, if you see january 2nd and still no deal and market's not performing well, maybe that will make them work towards an agreement that much more quickly emplts so this event at the white house, the president did not hold back. that didn't sit well with a lot of republicans. >> no, it did not. one of the hangups, guys, is remember the sequester we talked about, the automatic cuts to the defense discretionary programs part of the deal we had in 2011. right now the hold up on this deal is what to do about those automatic spending cuts. democrats would like to see the revenue that they get to pay them down. republicans want to replace them with new spending cuts. the president today and the comments saying called out congress that they waited too long. that upset a lot of republicans who thought the negotiations between mitch mcdonnell and vice president biden had
it's not a fiscal cliff so much as a fiscal slope. they believe if the markets think congress is working towards a deal, that's enough to avert any real economic calamity, however, if you see january 2nd and still no deal and market's not performing well, maybe that will make them work towards an agreement that much more quickly emplts so this event at the white house, the president did not hold back. that didn't sit well with a lot of republicans. >> no, it did not. one of the hangups,...
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607
Dec 31, 2012
12/12
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KGO
tv
eye 607
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as washington teeters on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> reporter: the republican and democratic senate leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears that there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: and with that, vice president biden has now emerged as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on t
as washington teeters on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> reporter: the republican and democratic senate leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying he was unable to even counter the latest republican offer. >> at this stage,...
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Dec 24, 2012
12/12
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KRON
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talks will resume thursday to avoid the fiscal cliff. resident obama and congress are now on christmas vacation. the white house and the house of representatives have still yet to reach an agreement to prevent automatic tax hikes and spending cuts that will take effect on january first if the american red cross bay area chapter is opening an evacuation center in east palo alto for residents affected by widespread flooding near the san francisquito creek. the creek jumped its banks near west bayshore road and widespread rain across the bay area this weekend. >> @ advance of the rainfall is coming from this on and crew gaffes that main band, through the north bay however, staying of with wind gusting of 30 m.p.h. for the coast. however, not much moisture associated with this system. perhaps one-quarter of 1 in. at the lower elevations. for those located in the hills, not much rainfall many people do not have to be out on the roadways. as most of to be inside. if you're going to the sierras, tire chain laws 4 interstate-80, 88. mostly cloud
talks will resume thursday to avoid the fiscal cliff. resident obama and congress are now on christmas vacation. the white house and the house of representatives have still yet to reach an agreement to prevent automatic tax hikes and spending cuts that will take effect on january first if the american red cross bay area chapter is opening an evacuation center in east palo alto for residents affected by widespread flooding near the san francisquito creek. the creek jumped its banks near west...
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360
Dec 31, 2012
12/12
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KGO
tv
eye 360
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if congress and the president are going try to stop the nation from going over the fiscal cliff. tax hikes and spending cuts are just hours away. >>> despite the looming cliff, party preparations are under way on this new year's eve. it's nearly time for the confetti and champagne as we welcome 2013. >>> and an emotional and triumphant return to the sidelines. for indianapolis colts coach chuck pagano. his team's inspired season isn't over yet.
if congress and the president are going try to stop the nation from going over the fiscal cliff. tax hikes and spending cuts are just hours away. >>> despite the looming cliff, party preparations are under way on this new year's eve. it's nearly time for the confetti and champagne as we welcome 2013. >>> and an emotional and triumphant return to the sidelines. for indianapolis colts coach chuck pagano. his team's inspired season isn't over yet.
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Dec 27, 2012
12/12
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KGO
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stocks continue to fall on fiscal cliff worries president and congress back in d.c. to talk about n'ozn budget today. toyota 1.1 billion dollar charge to settle a lawsuit has to do with more than 10 million vehicles recalled for unintended acceleration from claims the value of vehicles went down as a result. k)Ñ exchange#dww, with the bloomberg business report. >>> coming up, do you use those companies that give you a cash advance on your paycheck? you magb(:l be getting some of protected panda.id;gp >> good morning. 5:53. you see the embarcadero, bay bridge you don't see rain or traffic. we'll check in with sue and find out what is going on, on the highways. we'll find out where the rain is with mike. >>> u.s. department of commerce is due to release figures for new home sales, today's updates will hold stead if i not rise a bit they predict 375,000 in new sales. housing numbers slipped last month, new building permits ticked higher, commerce department is expected to release its new report at 7:00 this morning. >>> thousands of california residents could be gettin
stocks continue to fall on fiscal cliff worries president and congress back in d.c. to talk about n'ozn budget today. toyota 1.1 billion dollar charge to settle a lawsuit has to do with more than 10 million vehicles recalled for unintended acceleration from claims the value of vehicles went down as a result. k)Ñ exchange#dww, with the bloomberg business report. >>> coming up, do you use those companies that give you a cash advance on your paycheck? you magb(:l be getting some of...
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Dec 28, 2012
12/12
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KGO
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eye 188
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people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. treasury department would have trouble paying its bills. many worry the financial woes would plunge the u.s. back into a recession. within possible effect of the fiscal cliff/fro, -- milk prices could spike two or three dollars a gallon because farm -- some are calling that dairy cliff. >>> 6:17. mike here tracking light rain.i. l >> i'd like to. >> here's mike with the weather. >>> thank you, hope you are having a great friday morning dry sky over san francisco from the east to sutro tower. light rain showing up off the sonoma county coast,oo8Ñ let's zoom down and show you highway 1 from to inverness looks like it is raining but not reaching the ground. sprinkles possible during the as air mass start to moisten under this flow from the west. best chance of light rain around noon and later this afternoon. until then, chilly, dress for temperatures in the 30s everywhere, except fremont, 41, oakland if you are san francisco 44, monterey bay, everyb
people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. treasury department would have trouble paying its bills. many worry the financial woes would plunge the u.s. back into a recession. within possible effect of the fiscal cliff/fro, -- milk prices could spike two or three dollars a gallon because farm -- some are calling that dairy cliff. >>> 6:17. mike here tracking light rain.i. l...
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Dec 31, 2012
12/12
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KGO
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íÑu congress to keep the country from plunging over the fiscal cliff, deadline midnight eastern time when the new year begins. senate democratic leaders stuck in a stalemate. senate leaders have called in vice president biden to try and jumpstart an ice breaker before higher taxes and deep cuts. the senate recon convenience 8:00 our time, stay tuned. -- we'll have the latest in 30 minutes. >>> leaders in the house and senate reached a deal on one thing, they'vekn%ñ agreed to extend the 2008 farm bill for one more year that expired in october. thistvp' means milk prices could have doubled to $7 a gallon next month. the deal prevents the government from returning to a prices. some call this the dairy cliff that now we are not going to have to fall off. >>> the notorious party night of new year's eve is hours away. law enforcement has already been cracking down on drunk drivers. chp arrested 123 people for dui over the weekend in the bay area that. number is down from the same time last year, when officers busted 161 drivers. there were no fatal crashes over the past two days this time
íÑu congress to keep the country from plunging over the fiscal cliff, deadline midnight eastern time when the new year begins. senate democratic leaders stuck in a stalemate. senate leaders have called in vice president biden to try and jumpstart an ice breaker before higher taxes and deep cuts. the senate recon convenience 8:00 our time, stay tuned. -- we'll have the latest in 30 minutes. >>> leaders in the house and senate reached a deal on one thing, they'vekn%ñ agreed to extend...
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Dec 31, 2012
12/12
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WUSA
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as we mentioned congress goes back to work to try to avoid the fiscal cliff. if there's no plan by moment and we go over, economists will predict we'll go back into recession. >> taxes would increase $2,400 a year. their social security taxes would also go up on average a thousand a year and some 2 million jobless americans stand to lose their federal unemployment benefits. in all, the congressinonal offie says an estimate third degree.4 million could be would jobs in 2013. >> reporter: senate leaders hoped to have an agreement by yesterday. they didn't. negotiators were here late last night and it does appear they're now much closer on that main issue which is the bush tax cuts and who gets to keep them. the question is whether the two sides can make it the rest of the way before tonight's deadline. senators filled the halls sunday hoping they'd have a deal to vote on, but just before 6:00 the senate leader sent them home. >> there's still significant difference between the two sides but negotiations continue. >> those talks hit a snag sunday when democrats m
as we mentioned congress goes back to work to try to avoid the fiscal cliff. if there's no plan by moment and we go over, economists will predict we'll go back into recession. >> taxes would increase $2,400 a year. their social security taxes would also go up on average a thousand a year and some 2 million jobless americans stand to lose their federal unemployment benefits. in all, the congressinonal offie says an estimate third degree.4 million could be would jobs in 2013. >>...
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Dec 31, 2012
12/12
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WBFF
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the so called 'fiscal cliff'... and today is the deadline for reee marsh s live nowwin good morning, rene. story.3 ountdown on new years eve is tradition -- but today that countdown is different and comes with major consequences. we are own to the final hours..this new year's eve the conversation isn't just bout champagnn. americans are wondering, can congress save the country from work in óóó hours. senators - went home lass night without packageebut negotiationssare ongoing. senate miiority leader mitcc mcconnell and vice president biden arr cruuial to the talks right now. negotiattons hit a standstill yesterday. mcconnell called in bidennwho he served in the senaae with for more than two decades. --sot: sen. mitch mcconnell, (r) minorriy leaaer-- i'm interestee in getting a result hhre. i was here all day yesterdaa and we submitted our lateet proposal at 7pm. last with whhever can help. --vo-- sunday the president made an appearance on meet the prrss 3 calling for a mini deaa if congrrss can't agree on a broad
the so called 'fiscal cliff'... and today is the deadline for reee marsh s live nowwin good morning, rene. story.3 ountdown on new years eve is tradition -- but today that countdown is different and comes with major consequences. we are own to the final hours..this new year's eve the conversation isn't just bout champagnn. americans are wondering, can congress save the country from work in óóó hours. senators - went home lass night without packageebut negotiationssare ongoing. senate...
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Dec 30, 2012
12/12
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KGO
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all eyes on the senate as the nation moves closer to the the brink of the fiscal cliff with massive spending cuts and tax hikes cut to automatically kick in. lawmakers will get down to work starting at 10:00 this morning our time. senate negotiators are trying to come up with a last-minute compromise to present to the house. president obama says any bipartisan bill has to extend unemployment benefits, affecting some 2 million americans. he says it must increase taxes on the highest income earners. the president knows neither side is going to get everything they want, and he thinks it's time for house republicans to compromise. it is very important for republicans in congress to say we aren't going to get 100%, at the need to compromise in order to solve problems. >> if there is enough in the agreement for republicans to be able to support it, and we can get a majority of republicans in the senate and a majority of democrats in the senate, then i think there's a good opportunity for a majority of democrats and republicans in the house. >> well, the stock markets appear to be betting against a
all eyes on the senate as the nation moves closer to the the brink of the fiscal cliff with massive spending cuts and tax hikes cut to automatically kick in. lawmakers will get down to work starting at 10:00 this morning our time. senate negotiators are trying to come up with a last-minute compromise to present to the house. president obama says any bipartisan bill has to extend unemployment benefits, affecting some 2 million americans. he says it must increase taxes on the highest income...
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Dec 27, 2012
12/12
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KTVU
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house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back at work. >> at the very least let's agree right now on what we already agree on. >> reporter: an olive branch to the gop and carrot to corporate giants, including the bay area's google and apple. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loop holes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are concerned because they're not sure the extent to which exemptions would be eliminated. >> reporter: wells capital management senior economist gary slosberg is optim
house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back...
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Dec 31, 2012
12/12
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WJLA
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the fiscal cliff deadline is looming. congress house and have a few hours left to reach a to stop potentially devastating tax hikes and spending cuts from taking effect. we will have an in-depth report few moments.just a and now a check on traffic. 118 in germantown, it looks like this all morning. no delays southbound. l head onto a map. we had an ongoing cleanup near the air force base. the lanes have been reopened. everything is looking pretty good. we will head to springfield. traffic moving smoothly north. here is a look at the weather. >> a little bit on the cool side. need playersy today. cold is here. the 21 in manassas, 29 degrees in washington d.c.. if the clouds are filtering in. they will thicken up throughout the day. average between 42 and 46. >> thank you. l have another local news coming up at 8:56 on this new year's eve morning. [ cheers and applause ] >>> all right. we have great crowd outside counting down to the new year. the party is already starting in here. >> a little bit. >> ron claiborne, dan abr
the fiscal cliff deadline is looming. congress house and have a few hours left to reach a to stop potentially devastating tax hikes and spending cuts from taking effect. we will have an in-depth report few moments.just a and now a check on traffic. 118 in germantown, it looks like this all morning. no delays southbound. l head onto a map. we had an ongoing cleanup near the air force base. the lanes have been reopened. everything is looking pretty good. we will head to springfield. traffic...
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141
Dec 28, 2012
12/12
by
KGO
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eye 141
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american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york. >>> mike jing us with a look at the -- mike joining us with a look at the forecast, more rain on the way? >>> in due time we'll get light rain not this morning high clouds to the east from sutro tower in san francisco where dry now live doppler 7 hd spinning tracking the showers, the rain i should say as it is developing over the ocean water right now let's see how far that is, 41 miles from santa rosa, 51 from san francisco, under the returns, very dry air, sprinkles at best lieu the 30s, just updated these the entire peninsula, upper 30s only 40s left, half moon bay 41, oakland 42, san francisco 44.
american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york....
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Dec 31, 2012
12/12
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KTVU
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congress has 14 hours to keep the u.s. economy from going over the fiscal cliff. if lawmakers don't reach a solution by midnight tonight, east coast time, income tax rates will increase for all americans. coming up at 7:15, the two key players who are now in charge of negotiating a last-minute deal. >>> time now, 7:03. grocery stores and other stores in alameda county who sell food and alcohol won't be able to give you plastic bag. in place of the single use bags, stores can use paper or reusable bags but will have to charge you at coast a -- at least a dime per bag. those who collect food stamp the won't have to pay -- stamps won't have to pay. >>> minimum wage goes up to 10.55 tomorrow. university of kentucky economists say that's hurting the youngest members of the work force because employers don't want to pay teenagers more than $10 plus benefits to get their first jobs. >>> just over an hour ago, millions of people in sydney, australia, rang in 2013. [ cheers ] >> crowds gathered to watch the skyline explode with fireworks. 1.5million people were expected to
congress has 14 hours to keep the u.s. economy from going over the fiscal cliff. if lawmakers don't reach a solution by midnight tonight, east coast time, income tax rates will increase for all americans. coming up at 7:15, the two key players who are now in charge of negotiating a last-minute deal. >>> time now, 7:03. grocery stores and other stores in alameda county who sell food and alcohol won't be able to give you plastic bag. in place of the single use bags, stores can use paper...
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Jan 1, 2013
01/13
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KRON
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washington as congress fails to act in time to avoid its fiscal cliff. haazig madyunlieberman: no deal is the worst deal >>> very dangerous place. haazig madyu brain, behind the t ear." >>> chief looks back at his over the "fiscal cliff". despite progress between cutting a deal to avoid a series of automatic tax hikes and spending cuts. will miss the midnight deadline lawmakers set for voting on an agreement. >>> kron-4's dan kerman is here to explain how we got to this point and who will suffer as a result. it was a battle and lack of that caused the republican led house of representatives tomorrow. that means we will go over the fiscal cliff at midnight tonight. something the president didn't when he met with reporters >> if this seems that this deadline is shortly in sight. >> reporter: the president indicated that congress was closing in on an increase in taxes for the middle-class. ford and com burgers over the amount of $450,000. for -- the amount of the and, revenue of $450,000 household incomes. >> if they think i'm going to finish with deficit r
washington as congress fails to act in time to avoid its fiscal cliff. haazig madyunlieberman: no deal is the worst deal >>> very dangerous place. haazig madyu brain, behind the t ear." >>> chief looks back at his over the "fiscal cliff". despite progress between cutting a deal to avoid a series of automatic tax hikes and spending cuts. will miss the midnight deadline lawmakers set for voting on an agreement. >>> kron-4's dan kerman is here to explain...
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147
Dec 30, 2012
12/12
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KGO
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this road sign, now instead of road ininstructions it reads, fiscal cliff ahead. turn around, don't go over. captioned by closed captioning services inc. >>> this is "world news." tonight -- round two. the newest holiday storm to hit, stretching from missouri to maine. the accidents tonight. the snow falling where there was already a foot or more. tonight the latest trap, where it's heading. abc meteorologist ginger zee is standing by. >>> on the edge. washington taking america right up to the fiscal cliff. three days now until higher taxes for all. will there be a deal? as americans and their 401(k)s already taking a hit, paying a brice because of that standoff. >>> crash landing. the jet that skidded off the runway nearly smashing into a crowded highway. >>> and back in the game. the football coach whose battle off the field inspired a major turnaround on it. and tonight, he's about to return.
this road sign, now instead of road ininstructions it reads, fiscal cliff ahead. turn around, don't go over. captioned by closed captioning services inc. >>> this is "world news." tonight -- round two. the newest holiday storm to hit, stretching from missouri to maine. the accidents tonight. the snow falling where there was already a foot or more. tonight the latest trap, where it's heading. abc meteorologist ginger zee is standing by. >>> on the edge. washington...
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749
Dec 31, 2012
12/12
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KRON
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eye 749
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cliff. >> a, a combination of automatic spending cuts and tax increases the triggering a recession. >> andrew spencer is lanes of negotiations they must know, " a major setback. >> as well marked makers or on avoiding the fiscal cliff. talks get " a major setback over social security benefits. both sides agree to push for. >> i wonder want to know i want to get this done. i need a dance partner. >> vice president joe biden is apparently that person for which mcconnell. >> the two are taking over talks. if nothing is resolved by midnight tonight. tax breaks for all americans will increase. democrats say it will mean about $2,000 for the average middle class family. >> a michigan woman said to me that is a month worth of groceries. also gets up to three years transportation to and from work. >> democrats want taxes to increase for americans earning over to london $50,000. republicans want texas a the same period >> republicans want taxes to stay the same period >> i offered over a trillion dol
cliff. >> a, a combination of automatic spending cuts and tax increases the triggering a recession. >> andrew spencer is lanes of negotiations they must know, " a major setback. >> as well marked makers or on avoiding the fiscal cliff. talks get " a major setback over social security benefits. both sides agree to push for. >> i wonder want to know i want to get this done. i need a dance partner. >> vice president joe biden is apparently that person for...
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Dec 27, 2012
12/12
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KOFY
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eye 182
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but -- >>> the federal fiscal cliff is just days away. so what if we fall off? i'm michael finley. ahead on 7 on your side i will show you how to make the most out of an uncertain financial future. >> also here tonight, gun owners say they are being targeted in new york. a news paper article that >>> at the nation's capitol senators will meet tomorrow in ongoing effort to avoid the fiscal cliff. president obama is about to end his family vacation in hawaii and will arrive in washington early tomorrow to deal with the tax increases and spending cuts that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year
but -- >>> the federal fiscal cliff is just days away. so what if we fall off? i'm michael finley. ahead on 7 on your side i will show you how to make the most out of an uncertain financial future. >> also here tonight, gun owners say they are being targeted in new york. a news paper article that >>> at the nation's capitol senators will meet tomorrow in ongoing effort to avoid the fiscal cliff. president obama is about to end his family vacation in hawaii and will...
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219
Dec 26, 2012
12/12
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KGO
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cliff. congress will also be returning on thursday, and we will finally see if they can come together and make an agreement. >> and the clock is ticking. we are now just days away. and the one thing that we off forget, this fiscal cliff, this isn't some small cliff we're talking about. this is like road runner, wylie coyote way off that cliff. you come off that cliff, it is a long way down. there are serious consequences for all of us. >> spending cuts, taxes raised across the board. and the president was hoping that everyone could cool off, drink of eggnog, spend time with the family and when you get back to washington on thursday, let's hammer it out. but a lot of people are saying it doesn't look like it may happen at all. >> a lot of people will be celebrating on new years. when we wake up january 1, there might be a lot of upset people. >>> in other very important news, perhaps the most important news of the night, trenton, ladies and gentlemen, remains in the hands of the hessians. yea
cliff. congress will also be returning on thursday, and we will finally see if they can come together and make an agreement. >> and the clock is ticking. we are now just days away. and the one thing that we off forget, this fiscal cliff, this isn't some small cliff we're talking about. this is like road runner, wylie coyote way off that cliff. you come off that cliff, it is a long way down. there are serious consequences for all of us. >> spending cuts, taxes raised across the...
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114
Dec 27, 2012
12/12
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KTVU
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eye 114
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. >>> consumer confidence has fallen because people are so worried about that fiscal cliff. the index has hit the lowest level since august. the concern is over tax increases and government spending cuts set to take effect january 1st if the white house and congress can't reach a deal. >> toyota is forecasting sales of nearly ten million vehicles next year and it's expected to reclaim the title of world's largest automaker. the company is on pace to sell 9.7 million this year which would put it ahead of gm. it would also be up 22% from last year when it was unable to meet demand arch its factories and suppliers were hurt by the quake, tsunami and natural disasters. >>> and toyota will reportedly play $1.1 billion to settle lawsuits over car that accelerated unexpectedly. toyota recalled 14 million vehicles around the world. the settlement still needs a judge's approval and toyota faces lawsuits over injuries and deaths the problem. >>> wells fargo doesn't have to pay $203 million to customers after a united states appeals court overturned a decision. the first ruling was ord
. >>> consumer confidence has fallen because people are so worried about that fiscal cliff. the index has hit the lowest level since august. the concern is over tax increases and government spending cuts set to take effect january 1st if the white house and congress can't reach a deal. >> toyota is forecasting sales of nearly ten million vehicles next year and it's expected to reclaim the title of world's largest automaker. the company is on pace to sell 9.7 million this year...
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Dec 29, 2012
12/12
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KGO
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eye 186
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. >> in the event congress does not make a deal, here's how the fiscal cliff could affect you. first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend less on fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get shoppers into their stores. >> the bowl game is all decked-out for the game this afternoon against the u.s. navy academy and arizona state. everyone's spirits are high and the game is bringing a boost for the local economy. >> many are here for an extended weekend. >> two teams really excited to be here and their fans are excited to be here. gosh, i think we are filling up all the hotels in san francisco. >> 33,000 tickets have been sold for the match-up. at&t park can take 40,000 so not at capacity yet. organizers believe it will be another banner year for the hunger goal. it's brought the city
. >> in the event congress does not make a deal, here's how the fiscal cliff could affect you. first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend less on fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get...
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242
Jan 1, 2013
01/13
by
KPIX
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eye 242
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and congress didn't beat the "fiscal cliff" deadline. but there is a deal and a vote. the critical next step that still must happen. coming up. >>> san francisco police will be starting the new year looking for two suspects involved with two different shootings that left three people injured. we'll have details coming up when we return. ,,,,,,,,,,,,,,,,,,,,,, >> your realtime captioner: linda marie macdonald >>> america rings in 2013. tens of thousands watch a dazzling display over the bay area skies. >> happy new year! >>> we are going to be out there watching you and we take it seriously. >> oakland mrs. are stepping up dui patrols. >> the bill as amended is passed. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff lie this is front of us. >> secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the rose parade route preparing for cold weather. >> we have bed, fireplace, blankets, fire pit. we're all se
and congress didn't beat the "fiscal cliff" deadline. but there is a deal and a vote. the critical next step that still must happen. coming up. >>> san francisco police will be starting the new year looking for two suspects involved with two different shootings that left three people injured. we'll have details coming up when we return. ,,,,,,,,,,,,,,,,,,,,,, >> your realtime captioner: linda marie macdonald >>> america rings in 2013. tens of thousands watch a...
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Dec 31, 2012
12/12
by
MSNBCW
tv
eye 225
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numbers one and two this year are fiscal cliff and kick the can down the road. now, regardless of today's outcome is the damage already done for congress? whether they come up with a small deal or not here when it comes to the american people, they've already decided congress is useless. >> well, i think those of us who tried to function over the last couple years in congress have been saying that. we can't figure out who even the 10%, who support congress, are. we are totally dysfunctional right now and this is just probably the worst example of it. you know, i heard speaker boehner say a number of times that he doesn't believe in compromise and a lot of republicans say the same thing. they say let's find common ground and act on that. well, there just isn't much common ground. if, in fact, the numbers we're hearing about the senate deal, whether $450,000 threshold or $550,000, that is not a matter of principle. that's just a matter of policy and splitting hairs and differences of dollars. so i think unfortunately we've got a lot of people on the other side of
numbers one and two this year are fiscal cliff and kick the can down the road. now, regardless of today's outcome is the damage already done for congress? whether they come up with a small deal or not here when it comes to the american people, they've already decided congress is useless. >> well, i think those of us who tried to function over the last couple years in congress have been saying that. we can't figure out who even the 10%, who support congress, are. we are totally...
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Dec 26, 2012
12/12
by
KTVU
tv
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the fiscal cliff. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. . >>> we are tracking downpour across parts of the bay area. here is the live camera looking toward mount diablo. take a look at live storm tracker two and show you the current rainfall pattern. >> and welcome back. the president is cutting his vacation short to face the fiscal cliff. is he leaving hawaii for washington tonight. if lawmakers don't come up with a deal before the deadline your tax refund could be delayed by months. we are live in the washington bureau to explain more. >> reporter: brian the irs said without a deal as many as 100 million taxpayers may be forced to wait until
the fiscal cliff. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. . >>> we are tracking downpour across parts of the bay area. here is...
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531
Dec 28, 2012
12/12
by
KGO
tv
eye 531
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fiscal cliff. and you think this is just politics we're talkinok÷ about, abc 7 news is here and just been explaining. >> there is a fiscal cliff calculator. they have come up with an online budget. it tells you what you, and your family can expect to pay. if congressiu6çils to avoid the fiscal cliff, financial consequences are significant. now there, is a computer program. the fiscal cliff calculator allows you to pick your category, enter income, and presto. it will pop up what you are to cough up next year. >> it's a lot. >> jason is an engineer with a wife and three kids. looking at 17,000 in change. >> oh, my god. that is another, additional, i mean... >> 4dzs short of $3,000. >> i know. i know. >> telling me that is like losing a month's salary. >> significant reduction. >> oh, yes. a big run. >> a single person making $46,000 can count an n increase of $1300. married with no children, $57,000 it's $2200 you'll be paying. and married with two kids and income of $146,000, $7300 more. and if y
fiscal cliff. and you think this is just politics we're talkinok÷ about, abc 7 news is here and just been explaining. >> there is a fiscal cliff calculator. they have come up with an online budget. it tells you what you, and your family can expect to pay. if congressiu6çils to avoid the fiscal cliff, financial consequences are significant. now there, is a computer program. the fiscal cliff calculator allows you to pick your category, enter income, and presto. it will pop up what you are...
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197
Dec 30, 2012
12/12
by
KPIX
tv
eye 197
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with the country set to fall off the fiscal cliff in just hours, time is running out for congress to make a deal. and what a difference a day makes. on thursday, things looked bleak. >> speaker boehner is unwilling to negotiate we have not heard a word from leader mcconnell. nothing is happening. >> we wanted an agreement, but we had no takers. >> o'donnell: it took a trip to the white house and a package scolding from the president. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> o'donnell: but by week's end, senate leaders agreed to make a last-ditch effort to get a deal. >> so i'm hopeful and optimistic. >> i'm going to do everything i can. i'm confident senator mcconnell will do the same. >> o'donnell: we'll have the
with the country set to fall off the fiscal cliff in just hours, time is running out for congress to make a deal. and what a difference a day makes. on thursday, things looked bleak. >> speaker boehner is unwilling to negotiate we have not heard a word from leader mcconnell. nothing is happening. >> we wanted an agreement, but we had no takers. >> o'donnell: it took a trip to the white house and a package scolding from the president. >> the american people are watching...